The nation’s largest bank said it earned record trading profits in the first quarter but tempered expectations overall for its business.
Category: Credit and Debt
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‘Spring Clean’ Your Finances: How to Overhaul Your Spending and Savings to Stay on Track
When the world feels uncertain, spend the season of renewal taking charge of what you can control: your budget.
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Some Borrowers Are Moving Abroad and Abandoning Their Student Loans
A record number of student loan borrowers are in delinquency and default. Some are making the drastic decision to leave the country and abandon their loans.
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Blue Owl, Ailing Private Credit Firm, Reveals Even More Troubles
Investors in the struggling Wall Street lender put in record requests to get their money back.
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Private-Credit Wobbles Could Prove Perilous for Trump
The Trump administration is poised to broaden access to risky investments that are showing signs of strain.
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How Daily Money Managers Help Busy People With Their Finances
Daily money managers generally help older adults and the wealthy, but busy professionals are increasingly using their services when they get behind.
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New Limits on Investors and a Debt Downgrade Add to Private Credit Woes
Investors are concerned about the health of the industry, which ballooned over the past decade.
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Covid Relief Loans Are Haunting Small Businesses
The Small Business Administration lent $378 billion to keep businesses afloat. Getting paid back is proving difficult.
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Record Number of Student Loan Borrowers Are in Delinquency and Default
Recently released data from the Education Department showed that by the end of last year, 7.7 million borrowers had defaulted on $181 billion in federal student loans.
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The Iran War’s Economic Threat to Europe and Asia
Inflation and its consequences for growth is a growing concern for countries where memories of the 2022 energy crisis are fresh.
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Rising Prices and High Interest Rates Are Making Car Ownership Feel Impossible
Rising vehicle prices, auto loan interest rates, and insurance and maintenance costs are making it harder for people to buy or keep cars.
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Fears of ‘Cockroaches’ in the Private Credit Market
Wall Street figures are turning to colorful metaphors, including invoking the hated insect, to express caution about the $3 trillion risky-lending market.